Chapter 12, Problem 4DQ

Explanation of Solution

IT professionals’ ability to RFP:

• RFP is a profession document utilised in the procurement process. It is used to invite proposals from prospective sellers by the buyer.
• The document invited should be clear enough to communicate the requirements of the buyer as well as make sure that all necessary data of the seller are received.
• Traditionally, this work in the sourcing of supply chain is far away from the core skills of IT.
• Preparation of a good RFP is a difficult task in project management. Expertise in the same is necessary.
• A typical RFP for a small project can be 3-5 pages long. For a larger project, it can involve hundreds of pages that needs to be prepared and dealt with utmost attention unless which it can cause extreme financial risk.
• A professional should not only be skilled in their core domain, but also be able to understand the procurement process as well as deal with the entire invitation for proposal process and their subsequent review...